**BP Greenlights Major Tiber-Guadalupe Oil Project in Gulf of Mexico**
**HOUSTON** – Energy giant bp announced it has made a final investment decision on its Tiber-Guadalupe project, moving forward with the construction of a new deepwater oil production platform in the U.S. Gulf of Mexico.
The company confirmed its plan to build a floating production facility, which will be its seventh operated hub in the region. The project, wholly owned and operated by bp, is designed to have a production capacity of 80,000 barrels of crude oil per day.
Production from the new platform is slated to begin in 2030. The development will initially tap six wells in the Tiber field and connect to two additional wells from the nearby Guadalupe field.
This project is part of bp’s broader strategy to expand its upstream oil and gas operations and represents a significant investment in the Gulf of Mexico. According to Andy Krieger, bp’s senior vice president for the Gulf of Mexico and Canada, the project underscores the company’s focus on the basin as a key global asset. Bp stated the facility will help unlock approximately 10 billion barrels of discovered resources across its assets in the area’s Paleogene formation.
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Based on a comparison of the same press release and the above article, Mistral AI concludes:
“The news article is factually correct and closely aligns with the press release. It provides a concise and accurate summary of the announcement, with only minor omissions that do not affect the overall accuracy of the reporting.
The correct term is “Gulf of Mexico.”
The press release you provided mistakenly refers to the “Gulf of America” in several places. This is likely a typographical or editorial error, as the Gulf of Mexico is the geographically accurate name for the region where bp operates.
The news article correctly uses “Gulf of Mexico” throughout.
Why This Matters:
“Gulf of America” is not a recognized geographic term.
“Gulf of Mexico” is the standard and correct name for the body of water off the southeastern coast of the United States, where bp’s oil and gas projects are located.”